Walt Disney Co

Listed Company

DISCIK 0001744489NYSELarge AcceleratedServices-Miscellaneous Amusement & RecreationDelawareFY ends Oct 3

Period

FY 2025

Revenue

$94.42B

Net Income

$12.40B

Total Assets

$197.51B

Equity

$109.87B

Shares Out

1.77B

Op. Cash Flow

$18.10B

Business

Walt Disney Co is a diversified worldwide entertainment company that creates, produces and distributes film, television, streaming and live experiences. It offers theatrical films, episodic television, direct-to-consumer streaming services, branded television channels, live sports programming, theme parks and resorts, cruises, consumer products licensing, music, stage plays and post-production services. The Company operates through three primary segments: Entertainment (studios, linear networks and content licensing), Sports (ESPN channels and sports DTC) and Experiences (Parks & Experiences and Consumer Products). Its content and services are distributed globally via theatrical release, linear networks, DTC streaming platforms, MVPDs, retail, licensing partners and owned resorts and cruise operations.

Summary from filing dated 2025-11-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenues	94,425	91,361	88,898	82,722	67,418
Selling, general, administrative and other	−16,501	−15,759	−15,336	−16,388	−13,517
Depreciation and amortization	−5,326	−4,990	−5,369	−5,163	−5,111
Total costs and expenses	−80,593	−79,447	−79,906	−75,952	−63,759
Restructuring and impairment charges	−819	−3,595	−3,892	−237	−654
Other income (expense), net	0	−65	96	−667	201
Interest expense, net	−1,305	−1,260	−1,209	−1,397	−1,406
Equity in the income of investees	295	575	782	816	761
Income before income taxes	12,003	7,569	4,769	5,285	2,561
Income taxes	1,428	−1,796	−1,379	−1,732	−25
Net income	13,431	5,773	3,390	3,505	2,507
Net income attributable to noncontrolling and redeemable noncontrolling interests	−1,027	−801	−1,036	−360	−512
Net income attributable to The Walt Disney Company (Disney)	12,404	4,972	2,354	3,145	1,995
Diluted	6.85	2.72	1.29	1.72	1.09
Basic	6.88	2.72	1.29	1.73	1.1
Diluted (shares)	1,811	1,831	1,830	1,827	1,828
Basic (shares)	1,804	1,825	1,828	1,822	1,816

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	5,695	6,002	14,182	11,615	15,959
Receivables, net	13,217	12,729	12,330	12,652	13,367
Inventories	2,134	2,022	1,963	1,742	1,331
Content advances	2,063	2,097	3,002	1,890	2,183
Other current assets	1,158	2,391	1,286	1,199	817
Total current assets	24,267	25,241	32,763	29,098	33,657
Produced and licensed content costs	31,327	32,312	33,591	35,777	29,549
Investments	8,097	4,459	3,080	3,218	3,935
Attractions, buildings and equipment	82,041	76,674	70,090	—	—
Accumulated depreciation	−48,889	−45,506	−42,610	−39,356	−37,920
Parks, resorts and other property, before projects in progress and land, Total	33,152	31,168	27,480	27,642	26,972
Projects in progress	6,911	4,728	6,285	4,814	4,521
Land	1,192	1,145	1,176	1,140	1,131
Parks, resorts and other property	41,255	37,041	34,941	33,596	32,624
Intangible assets, net	9,272	10,739	13,061	14,837	17,115
Goodwill	73,294	73,326	77,067	77,897	78,071
Other assets	10,002	13,101	11,076	9,208	8,658
Total assets	197,514	196,219	205,579	203,631	203,609
Accounts payable and other accrued liabilities	21,203	21,070	20,671	20,213	20,894
Current portion of borrowings	6,711	6,845	4,330	3,070	5,866
Deferred revenue and other	6,248	6,684	6,138	5,790	4,317
Total current liabilities	34,162	34,599	31,139	29,073	31,077
Borrowings	35,315	38,970	42,101	45,299	48,540
Deferred income taxes	3,524	6,277	7,258	8,363	7,246
Other long-term liabilities	9,901	10,851	12,069	12,518	14,522
Commitments and contingencies	—	—	—	—	—
Preferred stock	0	0	0	0	0
Common stock, $0.01 par value, Authorized 4.6 billion shares, Issued 1.9 billion shares	59,814	58,592	57,383	56,398	55,471
Retained earnings	60,410	49,722	46,093	43,636	40,429
Accumulated other comprehensive loss	−2,914	−3,699	−3,292	−4,119	−6,440
Treasury stock, at cost, 79 million shares at September 27, 2025 and 47 million shares at September 28, 2024	−7,441	−3,919	−907	−907	−907
Total Disney Shareholders equity	109,869	100,696	99,277	95,008	88,553
Noncontrolling interests	4,743	4,826	4,680	3,871	4,458
Total equity	114,612	105,522	103,957	98,879	93,011
Total liabilities and equity	197,514	196,219	205,579	203,631	203,609

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Impairments of goodwill, produced and licensed content and other assets	871	3,511	3,128	212	0
Deferred income taxes	−2,739	−821	−1,346	200	−1,241
Cash distributions received from equity investees	145	437	720	779	754
Net change in produced and licensed content costs and advances	577	1,046	−1,908	−6,271	−4,301
Equity-based compensation	1,363	1,366	1,143	977	600
Other, net	−148	−143	−25	383	190
Receivables	−283	−565	358	605	−357
Inventories	−114	−42	−183	−420	252
Other assets	−42	265	−201	−707	171
Accounts payable and other liabilities	237	156	−1,142	964	2,410
Income taxes	−228	−1,427	1,345	46	−282
Cash provided by operations	18,101	13,971	9,866	—	—
Investments in parks, resorts and other property	−8,024	−5,412	−4,969	−4,943	−3,578
Proceeds from sales of investments	4	105	458	52	337
Purchase of investments	−98	−1,506	0	0	—
Other, net	75	−68	−130	−117	70
Cash used in investing activities	−8,043	−6,881	−4,641	−5,008	—
Commercial paper borrowings (payments), net	−943	1,532	−191	−334	—
Borrowings	1,057	132	83	333	64
Reduction of borrowings	−3,735	−3,064	−1,675	−4,016	−3,737
Dividends	−1,803	−1,366	0	0	0
Repurchases of common stock	−3,500	−2,992	0	0	—
Contributions from noncontrolling interests	12	9	735	74	91
Acquisition of redeemable noncontrolling interests	−439	−8,610	−900	0	−350
Other, net	−1,015	−929	−776	−786	−862
Cash used in financing activities	−10,366	−15,288	−2,724	—	—
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	5	65	73	−603	30
Change in Cash, Cash Equivalents and Restricted Cash	−303	−8,133	2,574	−4,342	−1,951
Interest paid	2,050	2,134	2,110	1,685	1,892
Income taxes paid	1,221	3,963	1,193	1,097	1,638

Filings

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